IB Net Payout Yields Model

Invest like me - only at Covestor.com

Trump Media: Mostly Ignored By The President

By -

Update - May 27, 2025

Trump Media is selling $1.5B in stock and issuing $1B in senior convertible notes to buy cryptocurrencies in an odd move, probably due to the social media failing to gain any traction. Investors have no reason to buy this stock for bitcoin, instead of just front running Trump. 

-Trump Media and Technology Group (NASDAQ:DJT) plans to raise $2.5B in stock and senior secured notes in a private placement with ~50 institutional investors in which to create the largest Bitcoin treasury of a public company.

-“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets…and help defend our company against harassment and discrimination by financial institutions,” said Trump Media CEO Devin Nunes.


Original Article posted on January 29

  • President Trump has appeared to focus on meme coins over improving Trump Media, leading to a lack of promotion for Truth Social.
  • Meme coins TRUMP and MELANIA divert investments from Trump Media, with a combined market cap of nearly $6 billion.
  • Truth Social shows minimal growth with only 427,000 downloads in November after Trump won the U.S. elections.
  • Trump Media's financials remain weak while the company keeps launching new businesses versus growing Truth Social.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »
Heading into the White House, President Trump focused on issuing meme coins versus building up Truth Social. Trump Media & Technology Group Corp. (NASDAQ:DJT) generally feels forgotten with no move to promote or improve the business despite Trump actually winning the U.S. Presidential election back in November. My investment thesis remains ultra-Bearish on this stock with the business going nowhere.


Read the full article on Seeking Alpha. 

Disclosure: Please review the disclaimer page for more details. 

Comments

Post a Comment

Popular posts from this blog

ChargePoint: Low Quality Beat

By -
Image
  ChargePoint beat FQ2'22 revenue estimates, but the losses are mounting. The company guided up FY22 numbers partly due to acquisitions. The stock still trades at an estimated 21x FY23 number leaving limited upside for the stock and reinforcing why venture funds sold 13.8 million shares. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » After  solid FQ2'22 earnings ,  ChargePoint Holdings  ( CHPT ) has seen a nice bump in the stock. Now investors have to confront the valuation divide and deal with the past insider sales likely leading to future sales on any stock rallies. My  investment thesis  remains very Bearish on the EV charging station stock on any rallies into the mid-$20s. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Sept. 8 Be cautious when analysts strugg...
Read more

Occidental: Still Producing Too Much Oil

By -
Image
Though oil continues plunging, the oil giants continue producing more. For Q4, Occidental Petroleum (OXY) had roughly flat production. The worst part is that OXY plans to grow production by 2% to 4% in 2016. The stock has held up somewhat strong, but the inability to turn off the spigot remains troubling. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 
Read more

Baidu: Historical Support At $80

By -
Image
Updated - Nov. 15, 2024 Despite leadership in AI and robotaxis in China, Baidu trades right back down to historical support around $80. The stock has now dipped $30 following the volatile move on hope for the Chinese government to fully stimulate the economy.  Update - Aug. 22, 2024 Baidu didn't report anything impressive from robotaxis or AI yet during Q2. The big robotaxi ramp up in Wuhan hasn't started yet. The stock did hold the key $80 support level.  Q2 Non-GAAP EPADS of $2.89 beats by $0.29. Revenue of $4.67B (flat Y/Y) misses by $70M. Adjusted EBITDA was $1.26 billion and adjusted EBITDA margin was 27%.  Adjusted EBITDA for Baidu Core was $1.19 billion and adjusted EBITDA margin for Baidu Core was 32%. Free cash flow was $862 million, and free cash flow excluding iQIYI was $810 million. Original article posted on Aug. 18 Baidu trades at levels first seen in 2011 despite strong growth catalysts. The Chinese search leader will report Q2 earnings on August 22, reveal...
Read more